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RAYA CX’s Q3 2023 earnings report has been published and we’re livid about the results! We’ve seen year-on-year growth across all figures, specifically a 61.6% increase in revenue, a 95.4% increase in EBITDA, and a 1,594% increase in net profit.
These solid results are a testament to the dedication and hard work of the entire RCX team. In a dynamic and challenging business landscape, our focus on innovation, customer-centricity, and operational excellence has driven remarkable results.
Ahmed Aboulezz, CEO at RAYA CX, said, ” In the third quarter of 2023, RCX continued its double-digit revenue growth and improved profitability on the back of strong performance across our business segments. Our #BPO segment has been showing tremendous growth, due to the price competitiveness of Egypt as a delivery market, thus improving our revenue mix and consequently our profitability margins.”
Despite the volatile economic dynamics globally and locally, we are fully confident in our ability to capitalize on our solid position and shifting market dynamics and to push ahead with our growth strategy.